April 26, 2005

 

The Honorable Brian C. Bosma

Speaker of the House

Indiana House of Representatives
200 West Washington Street

Indianapolis, Indiana  46204

 

Dear Speaker Bosma:

 

By the authority vested in me as Governor of Indiana, under the provisions of Article 5, Section 14, of the Constitution of the State of Indiana, I do hereby veto House Enrolled Act No. 1224, enacted during the regular session of the 114^th General Assembly and related to the establishment of the aerospace and aeronautics initiative.

 

In this session, the General Assembly has already taken the historic step of creating the Indiana Economic Development Corporation—a vital measure necessary to promoting Indiana’s competitiveness in the economic development environment.  The IEDC is based on the model of a public-private partnership for good reason.  A key to its success will be its ability to operate with speed, flexibility and efficiency in attracting and retaining businesses, to focus on its own initiatives, and to move quickly to take advantage of and create opportunities.

 

This legislation runs counter to the flexible structure and intent of the IEDC, in that it prescribes express requirements and imposes specific objectives for the IEDC in the aerospace and aeronautics area.  Pursuing initiatives in this sector may very well be a proper and profitable strategy, but that should be a matter for the IEDC itself to determine, consistent with its own priorities and resources.

 

I therefore object to the bill on grounds that it has the potential to detract from the IEDC’s purpose and to impede its speed and flexibility in acting upon its own priorities designed to increase incomes, create jobs and provide a higher return on investments for Hoosier tax dollars.

 

Sincerely,

 

 

 

Mitchell E. Daniels, Jr.

Governor